BNY Mellon Just Registered Under Europe's New Crypto Rules — Here's Why That's a Big Deal
(67 days ago) · 1 source · Summarized by CryptoBipto
A unit of BNY Mellon, one of the world's oldest and largest banks, has joined the MiCA (Markets in Crypto-Assets) register as the European Securities and Markets Authority (ESMA) added 15 new crypto-asset service providers. This marks the third post-deadline update to the register, signaling continued expansion of regulated crypto activity in Europe.
WHY IT MATTERS
Think of MiCA as Europe's rulebook for crypto companies — similar to how banks need licenses to operate, crypto firms in Europe now need to register and follow specific rules. BNY Mellon is one of the biggest and oldest banks in the world (founded in 1784 by Alexander Hamilton), so when a bank like that signs up to play by crypto's new rules in Europe, it's like a Fortune 500 company opening a shop in a new neighborhood — it brings credibility and signals to others that the neighborhood is worth investing in. For everyday people, this means more trusted, regulated options for buying, holding, and using crypto in Europe.
Read the full analysis with a CryptoBipto membership
Members can read the full analysis of every story, not just the headline.
Get startedSOURCES
- Source
RELATED
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.